U.S. Treasury yields slipped for a third day early Thursday after Federal Reserve chair Jerome Powell on Wednesday confirmed the central bank would do everything to support the economy through the coronavirus pandemic and other officials suggested the timetable for a tapering of asset purchases and interest rate hikes is unlikely to be dragged forward.
What are Treasurys doing?
The 10-year Treasury note yield
fell 1.4 basis points to 1.138%, while the 2-year note rate
was unchanged at 0.111%. The 30-year bond yield
slid 1.5 basis points to 1.909%.